Do ETFs Turn Investors Into Market Timers?

By

Mark Hulbert

Feb. 28, 2014 9:19 p.m. ET

There is a downside to how cheap and easy exchange-traded funds make it to buy or sell broad baskets of stocks: the danger of becoming a short-term market timer, a losing proposition for most individual investors.

If you want to invest in the broad stock market for the longer term, you may want to favor traditional open-end index funds.